Citi Comments on Hansen Natural's Notable Increase

For the Beverage companies, in the two-week period ended May 31, 2011, “average short interest increased 15%,” Citi reports. “This compares to the NYSE, where short interest was up 2%,” Citi writes. “In the period, short interest rose most significantly at Hansen Natural Corporation HANS (+92%), which notable increase we attribute to new positions having been established following the significant short covering we saw in the prior two-week period (where short interest fell 43% in response to HANS's having reported strong 1Q11 results).” Hansen Natural closed Thursday at $73.12.